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SEC Clarifies Crypto Custody Rules for Broker-Dealers and Institutional Investors

1 min read
Source: SEC.gov
TL;DR

The SEC staff issued a statement clarifying how broker-dealers can demonstrate possession of crypto asset securities under Rule 15c3-3, emphasizing measures like access, assessment of blockchain technology, security protocols, and contingency planning to ensure custody and control, while noting that this guidance does not create new legal obligations.

Topics:businessfinance#broker-dealers#crypto-assets#custody#distributed-ledger-technology#finance#securities-laws
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  1. Statement on the Custody of Crypto Asset Securities by Broker-Dealers  SEC.gov
  2. SEC says broker-dealers need to maintain crypto private keys to comply with customer protection rules  The Block
  3. BitGo Says it is Setting a New Standard for Institutional Digital Asset Infrastructure with Unified Federal Oversight  Global Banking | Finance
  4. Three Years After FTX Collapse, SEC Finally Issues Guidance On Custody Of Crypto Assets  Stocktwits
  5. SEC FAQ Update Clarifies Broker Custody for Bitcoin ETPs  Bitbo

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